Frazier Healthcare Makes $2.3B Close on 11th Growth Buyout Fund

Frazier Healthcare Partners reached its $2.3B hard cap on the final close of its eleventh flagship growth buyout fund targeting control investments in high-potential, lower middle-market healthcare firms.

Frazier Healthcare Growth Buyout Fund XI was oversubscribed within six months by global LPs, including sovereign wealth funds, family offices, and public and corporate pensions. Per Dakota data, the fund received a $150M investment from the New Mexico State Investment Council in August. Fund XI’s aggregate capital exceeds that of its similarly oversubscribed predecessor Fund X, which also closed on its hard cap in May 2021 with $1.4B in total commitments.

Frazier said it has raised over $9B to fuel private fund and co-investment initiatives. As of August, the Seattle-based healthcare investor has 44 active platform investments and has closed 130 acquisitions since 1991.

Source: https://www.prnewswire.com/news-releases/frazier-healthcare-partners-closes-oversubscribed-2-3-billion-11th-growth-buyout-fund-in-six-months-302310924.html